EOS Consulting supported MPS in Technical Due Diligence activities in order to assess the overall investment feasibility estimate and identify any project risks.
January 29, 2018
Octopus Investments, part of the British Octopus Group and one of the leading investors in the photovoltaic sector in Europe, has concluded the refinancing of a portfolio consisting of five photovoltaic plants, with a total capacity of 64 MW, located in Montalto di Castro, Lazio Region, and operational since 2017. The transaction – worth €23 Mln, concluded with leading bank MPS Capital Services Banca per le Imprese (MPSCS) – constitutes the first, historic investment in Europe for large-scale photovoltaic plants operating in “grid parity,” without any form of government subsidies or incentives. Moreover, this initiative represents by far the largest contribution to the total amount of photovoltaic power installed in Italy as of the end of 2017.
EOS Consulting supported MPS in Technical Due Diligence activities in order to assess the overall feasibility estimate of the investment and identify any project risks. In addition to the verification of compliance of the works carried out with the authorization titles, the analysis delved into the overall consistency and technical sustainability of the investment, by means of the careful evaluation of the achievable revenues (starting from the probabilistic scenario of producibility) and the investment and operational costs of the project, with particular focus on the maintenance strategy. EOS also conducted an inspection visit to the sites, with the objective of determining the current state of the plants and components, and ascertaining the absence of any issues impacting the long-term operation of the plants.